Silver Outperforming Gold Again

Prices and Charts

Change from last weeks gold and silver prices

Looking to sell your gold and silver?

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Buying Back 1oz NZ Gold 9999 Purity $2484
Buying Back 1kg NZ Silver 999 Purity $1134

NZD Gold Returns to the Uptrend Line

Gold in New Zealand dollars rose during the early part of the week, but then fell, to be down $16 on 7 days ago. So gold now sits back on the rising trendline in the uptrend channel and the 200 day moving average. The odds make this yet another great buying opportunity. As gold has continuously bounced up from this uptrend line all year.

NZ Dollar Gold Chart

Silver Outperforming Gold Again

After a number of weeks of the opposite, silver again is outperforming gold. Rising sharply off the uptrend line as we suspected it might, NZD silver is up 2% from a week ago. We’d like to see it get back and hold above the 200 day moving average (MA) now. But our guess is with the RSI having dipped down to oversold, we have seen the bottom for silver in this correction. The fact that silver is once again outperforming gold adds weight to this theory. As silver tends to outperform on the up-legs, but fall more than gold on the down-legs.

NZ Dollar Silver Chart

NZ Dollar Also Bouncing Higher

The Kiwi dollar has also had a fairly hefty bounce these past 7 days. Up 70 basis points or 1.24%. But the NZ dollar continues to trade in this wide sideways range we have been tracking all year.

NZ Dollar Chart

Need Help Understanding the Charts?

Check out this post if any of the terms we use when discussing the gold, silver and NZ Dollar charts are unknown to you:

Gold and Silver Technical Analysis: The Ultimate Beginners Guide

Continues below

 

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Global Monetary System Change: Will China Take Over the Reserve Currency Role?

The USA’s financial response to COVID19 has raised concerns over the greenback’s prospects. Emerging economies such as China and Russia have continued to diversify their holdings out of the global reserve currency.

As a result, the global share of US-dollar-denominated exchange reserves dropped to 59.0% in the fourth quarter of 2020. This was the 5th straight year of falls and matched the 25-year low of 1995.

This prompted us to take a look into how likely China is to take over from the USA as the global reserve currency. In this week’s feature article we answer a great question and cover:

  • How Will the Global Monetary System Change Take Place?
  • Rickards: Chinese Don’t Want the Global Reserve Currency
  • China’s Rise to the Top is Not Assured
  • What to Do If the Answer Isn’t Clear?

Global Monetary System Change: Will China Take Over the Reserve Currency Role?

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Your Questions Wanted

Remember, if you’ve got a specific question, be sure to send it in to be in the running for a 1oz silver coin.

Win a silver coin

As noted last week, premiums on most silver coins have dropped to the lowest they have been above spot price for some time. A bit of an indicator that demand for silver has also fallen back from previous levels. We’d say this is a good contrarian indicator.

With gold back to the uptrend line and silver not yet too far above it, we remain in an excellent buying zone.

So get in contact if you’d like a quote:

  1. Email: [email protected]
  2. Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
  3. or Shop Online with indicative pricing

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This Weeks Articles:

Global Monetary System Change: Will China Take Over the Reserve Currency Role?

Wed, 4 Aug 2021 9:48 AM NZST

US Dollar Share of Global Reserve Currencies Drops to 25 Year Low The USA’s financial response to COVID19 has raised concerns over the greenback’s prospects, as emerging economies such as China and Russia continue to diversify their holdings out of the global reserve currency. As a result, the global share of US-dollar-denominated exchange reserves dropped […]

The post Global Monetary System Change: Will China Take Over the Reserve Currency Role? appeared first on Gold Survival Guide.

Read More…

Silver Coin Premiums Fall at Last

Fri, 30 Jul 2021 12:17 AM NZST

Silver coin premiums fall at last

Prices and Charts Looking to sell your gold and silver? Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $2491 Buying Back 1kg NZ Silver 999 Purity $1107 NZD Gold Back Down Close to the Uptrend Line Gold in New Zealand Dollars dropped $30 over the past 7 days. It is […]

The post Silver Coin Premiums Fall at Last appeared first on Gold Survival Guide.

Read More…

RBNZ Now Researching a Central Bank Digital Currency – Reading Between the Lines

Wed, 28 Jul 2021 12:01 PM NZST

RBNZ Previously Said It Was “Too Early” For a Central Bank Digital Currency: Back in June 2018, we reported on a bulletin from the Reserve Bank of New Zealand. It discussed how a digital currency could be issued by a central bank and what the pros and cons of this would be. See: RBNZ on […]

The post RBNZ Now Researching a Central Bank Digital Currency – Reading Between the Lines appeared first on Gold Survival Guide.

Read More…

Gold is Cheap Compared to Inflation Protected US Government Bonds

Thu, 22 Jul 2021 6:10 AM NZST

Gold-is-cheap

Prices and Charts Looking to sell your gold and silver? Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $2518 Buying Back 1kg NZ Silver 999 Purity $1123 NZD Gold Up Despite Sharemarket Fall Gold in NZ dollars was up close to $20 from 7 days ago. Mostly boosted by the […]

The post Gold is Cheap Compared to Inflation Protected US Government Bonds appeared first on Gold Survival Guide.

Read More…
As always we are happy to answer any questions you have about buying gold or silver. In fact, we encourage them, as it often gives us something to write about. So if you have any get in touch.

  1. Email: [email protected]
  2. Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
  3. or Online order form with indicative pricing


7 Reasons to Buy Gold & Silver via GoldSurvivalGuide

Today’s Prices to Buy
1oz NZ 99.99% pure gold bar
1oz NZ Gold Ingot
$2665
1kg ABC 99.95% pure silver bar
1 Kilo NZ Silver Bar
$1,332 (In stock) or local silver bar $1301
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1kg “Scottsdale Gold” Bar 99.99% with unique serial number

$85,473
1 oz Gold PAMP Suisse Lady Fortuna Minted Bar with Certificate
1oz Pamp gold bar
$2,735 (in stock)
1oz Canadian Gold Maple 99.99% pure gold coin (2020)
Gold Maple
$2,771 (in stock)
1 oz RCM Silver Maple Coin
(Minimum order size tube of 25 coins)

Silver Monster Box
Tube of 25: $1,145 (pick up) (in stock)
Box of 500:

$22,709 (Pre-order)

(Fully insured and delivered)

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Note:

  • Prices are excluding delivery
  • 1 Troy ounce = 31.1 grams
  • 1 Kg = 32.15 Troy ounces
  • Request special pricing for larger orders such as monster box of Canadian maple silver coins
  • Lower pricing for local gold orders of 10 to 29ozs and best pricing for 30 ozs or more.
  • Foreign currency options available so you can purchase from USD, AUD, EURO, GBP
  • Plus we accept BTC, BCH, Visa and Mastercard
  • Note: For local gold and silver orders your funds are deposited into our suppliers bank account. We receive a finders fee direct from them. Pricing is as good or sometimes even better than if you went direct.

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We look forward to hearing from you soon.

Have a golden week!

David (and Glenn)
GoldSurvivalGuide.co.nz
Ph: 0800 888 465
From outside NZ: +64 9 281 3898
email: [email protected]

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The Legal stuff – Disclaimer:
We are not financial advisors, accountants or lawyers. Any information we provide is not intended as investment or financial advice. It is merely information based upon our own experiences. The information we discuss is of a general nature and should merely be used as a place to start your own research and you definitely should conduct your own due diligence. You should seek professional investment or financial advice before making any decisions.
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